Coinbase shares rose 5.84% to $145.89 in the session but remain down 8.59% over the past week and 20.28% over the past month. Reports said Cathie Wood's ARK added Coinbase shares after the slide, while CNBC reported that Morgan Stanley had told investors to steer clear of the stock. The article estimates roughly 21.8% of ARKF, 15.4% of ARKW and 11.4% of ARKK is tied directly to digital assets, while the Invesco QQQ Trust did not list Coinbase. Coinbase's third-quarter revenue fell 35% year over year to $1.22 billion, while GAAP EPS of $2.51 beat the $0.07 consensus thanks to $715 million in gains on crypto held for investment. Bitcoin remains below its 20-day ($80,528) and 50-day ($81,925) averages, and the article says a recovery above those levels would help confirm the bounce.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/02/2026 | 76,816.00 |
| Change that session | -1.96% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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